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Quiksilver Postpones Release of First Quarter 2015 Financial Results

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Quiksilver, Inc. (NYSE:ZQK) today announced that it has postponed the distribution of its 2015 first quarter earnings release, as well as the related conference call and webcast previously scheduled to take place on March 5th, as a result of a revenue cut-off issue identified by management and brought to the attention of the Audit Committee.

The Audit Committee promptly commenced an investigation last week and has not yet reached any conclusions. Based on currently available information, the Company believes that the completion of the Audit Committee’s investigation will have no material impact on its previously issued financial statements, its 2015 first quarter financial results, or its current guidance.

The Audit Committee plans to review progress regarding its investigation at a previously scheduled regular meeting of the Board of Directors on March 16th, after which the Company anticipates announcing a date for distribution of its first quarter 2015 financial results during March.

Forward-looking statements:

This press release contains forward-looking statements including, but not limited to, statements regarding management’s expectations regarding the impact of the Audit Committee’s investigation. Forward looking statements are subject to factors that could cause actual results to differ materially from expectations. The Audit Committee’s investigation is not complete and additional issues or facts may be identified during their investigation that could cause material impacts on the Company’s historical or anticipated financial results, or impact the timing of distributing its first quarter 2015 financial results. For additional discussion of factors that could cause actual results to differ materially from expectations, please refer to the Company’s SEC filings and specifically the sections titled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Forward-Looking Statements” in the Company’s Annual Report on Form 10-K.

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